Solar Panel Cost Guide in Wheatland, WY (2024 Update)
- Wheatland Solar Installation Cost: $37,788
- 25-Year Savings: $55,107
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Wheatland
Find out what the average cost of solar panels are in Wheatland.
In Wheatland, solar panels cost about 4 per watt on average.The average Wheatland homeowner needs a 15.1-kilowatt system, which would cost about $37,788 with the federal tax credit, or $54,037 before the 0 tax credit is applied.
How much you pay can be above or below the average in Wheatland based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Wheatland see about $21,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Wheatland for a quote for your home.
Solar savings over time in Wheatland
| Year | Return on Investment |
|---|---|
| 1 years | $-36,666 |
| 3 years | $-34,421 |
| 5 years | $-32,176 |
| 7 years | $-29,931 |
| 9 years | $-27,686 |
| 11 years | $-25,441 |
| 13 years | $-23,196 |
| 15 years | $-20,951 |
| 17 years | $-18,706 |
| 19 years | $-16,461 |
| 21 years | $-14,216 |
| 23 years | $-11,971 |
| 25 years | $-9,726 |
Top Solar Installers in Wheatland
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make swapping over to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Wheatland
Factors that Affect Solar Panel Costs in Wheatland
The cost of installing a solar system in Wheatland can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Wheatland to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $17,083 | 11.9 years |
| 8 kW | $3.65 | $20,449 | $23,179 | 11.7 years |
| 10 kW | $3.58 | $25,060 | $29,475 | 11.5 years |
| 12 kW | $3.51 | $29,471 | $35,971 | 11.3 years |
| 14 kW | $3.44 | $33,681 | $42,668 | 11.0 years |
| 16 kW | $3.37 | $37,690 | $49,565 | 10.8 years |
| 18 kW | $3.29 | $41,499 | $56,663 | 10.6 years |
| 20 kW | $3.22 | $45,108 | $63,962 | 10.3 years |
How to Save on Solar Panels
There are a large number of companies available in Wheatland, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Wheatland, WY Solar Cost FAQs
How much does it cost to install solar panels in Wheatland?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wheatland is currently $290,989, so you can expect a value of about $11,931 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wheatland is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.